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I found a 180 loophole to income-based repayment schemes

tl;dr Income is calculated post-401k contribution, so max yo...
orchid house-broken principal's office
  03/14/19
LJL at proles who have to repay loans.
Milky Site
  03/14/19
Actually it's incredibly prestigious to let the government p...
orchid house-broken principal's office
  03/14/19
...
Milky Site
  03/14/19
...
Crusty trust fund
  06/24/19
...
Turquoise twinkling uncleanness
  06/25/19
...
Citrine casino chad
  06/25/19
Elizabeth Warren bump
orchid house-broken principal's office
  04/22/19
So fraud. Would bet the house you're Jewish
Learning disabled rigpig state
  06/24/19
the entire system is fraud on multiple levels
laughsome fortuitous meteor foreskin
  06/24/19
...
orchid house-broken principal's office
  06/25/19
it's not a loophole. you're supposed to report material chan...
Vivacious nowag pit
  06/24/19
...
violet toilet seat
  06/24/19
He's Jewish. I've heard this "loophole" logic used...
Learning disabled rigpig state
  06/24/19
OY VEY PAY UP UR SHEKELS!
laughsome fortuitous meteor foreskin
  06/24/19
jews being jews doesn't justify fraud. have some integrity.
Vivacious nowag pit
  06/24/19
OY VEY ITS ANNODAH SHOAH!
laughsome fortuitous meteor foreskin
  06/24/19
https://www.google.com/amp/s/amp.app.com/amp/740083002 Lo...
Learning disabled rigpig state
  06/24/19
...
orchid house-broken principal's office
  06/25/19
...
Tripping gunner school cafeteria
  07/28/19
...
Citrine casino chad
  06/25/19
What is the largest percent that is immaterial friend?
smoky immigrant
  06/24/19
(110 iq redditor asking "but where do we draw the line?...
Vivacious nowag pit
  06/24/19
No
smoky immigrant
  06/24/19
25% is pushing it
Fluffy Parlor Doctorate
  06/24/19
cr, this faggot needs to be prosecuted
Free-loading water buffalo orchestra pit
  06/24/19
You misunderstand this checkbox on the income certification ...
orchid house-broken principal's office
  06/25/19
180
thriller people who are hurt yarmulke
  06/24/19
Happy purim
Henna Depressive
  06/24/19
...
bonkers national security agency public bath
  06/24/19
...
Learning disabled rigpig state
  06/25/19
There are all sorts of schemes like this...its 180
Turquoise twinkling uncleanness
  06/25/19
Bookmarking for later
Dun Vigorous Jap
  06/25/19
They are cracking down on income based repayment fraud, luck...
orchid house-broken principal's office
  07/28/19
...
Marvelous bawdyhouse internal respiration
  07/28/19


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Reply Favorite

Date: March 14th, 2019 8:49 PM
Author: orchid house-broken principal's office

tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income

The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.

What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.

This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932644)



Reply Favorite

Date: March 14th, 2019 8:50 PM
Author: Milky Site

LJL at proles who have to repay loans.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659)



Reply Favorite

Date: March 14th, 2019 8:51 PM
Author: orchid house-broken principal's office

Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664)



Reply Favorite

Date: March 14th, 2019 8:52 PM
Author: Milky Site



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669)



Reply Favorite

Date: June 24th, 2019 10:35 PM
Author: Crusty trust fund



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: Turquoise twinkling uncleanness



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: Citrine casino chad



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328)



Reply Favorite

Date: April 22nd, 2019 7:50 PM
Author: orchid house-broken principal's office

Elizabeth Warren bump

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710)



Reply Favorite

Date: June 24th, 2019 9:52 PM
Author: Learning disabled rigpig state

So fraud. Would bet the house you're Jewish

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038)



Reply Favorite

Date: June 24th, 2019 9:54 PM
Author: laughsome fortuitous meteor foreskin

the entire system is fraud on multiple levels

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: orchid house-broken principal's office



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321)



Reply Favorite

Date: June 24th, 2019 9:57 PM
Author: Vivacious nowag pit

it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049)



Reply Favorite

Date: June 24th, 2019 10:15 PM
Author: violet toilet seat



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145)



Reply Favorite

Date: June 24th, 2019 10:16 PM
Author: Learning disabled rigpig state

He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159)



Reply Favorite

Date: June 24th, 2019 10:26 PM
Author: laughsome fortuitous meteor foreskin

OY VEY PAY UP UR SHEKELS!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: Vivacious nowag pit

jews being jews doesn't justify fraud. have some integrity.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: laughsome fortuitous meteor foreskin

OY VEY ITS ANNODAH SHOAH!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226)



Reply Favorite

Date: June 24th, 2019 10:32 PM
Author: Learning disabled rigpig state

https://www.google.com/amp/s/amp.app.com/amp/740083002

Loophole or nah?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435248)



Reply Favorite

Date: June 25th, 2019 2:09 PM
Author: orchid house-broken principal's office



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246)



Reply Favorite

Date: July 28th, 2019 4:27 PM
Author: Tripping gunner school cafeteria



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: Citrine casino chad



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: smoky immigrant

What is the largest percent that is immaterial friend?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238)



Reply Favorite

Date: June 24th, 2019 10:37 PM
Author: Vivacious nowag pit

(110 iq redditor asking "but where do we draw the line?")

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274)



Reply Favorite

Date: June 24th, 2019 11:03 PM
Author: smoky immigrant

No

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416)



Reply Favorite

Date: June 24th, 2019 10:38 PM
Author: Fluffy Parlor Doctorate

25% is pushing it

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284)



Reply Favorite

Date: June 24th, 2019 11:07 PM
Author: Free-loading water buffalo orchestra pit

cr, this faggot needs to be prosecuted

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: orchid house-broken principal's office

You misunderstand this checkbox on the income certification form.

I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.

You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437316)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: thriller people who are hurt yarmulke

180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240)



Reply Favorite

Date: June 24th, 2019 10:36 PM
Author: Henna Depressive

Happy purim

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262)



Reply Favorite

Date: June 24th, 2019 11:04 PM
Author: bonkers national security agency public bath



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422)



Reply Favorite

Date: June 25th, 2019 11:22 AM
Author: Learning disabled rigpig state



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: Turquoise twinkling uncleanness

There are all sorts of schemes like this...its 180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255)



Reply Favorite

Date: June 25th, 2019 11:28 AM
Author: Dun Vigorous Jap

Bookmarking for later

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264)



Reply Favorite

Date: July 28th, 2019 3:30 PM
Author: orchid house-broken principal's office

They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667

Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601528)



Reply Favorite

Date: July 28th, 2019 4:25 PM
Author: Marvelous bawdyhouse internal respiration



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728)